同時，在過去的12個月，SMR科技成功奪得國內外多個項目，總合約價值超過9500萬令吉，當中包括來自海外客戶，如在阿聯酋的阿布扎比聚合物有限公司（Abu Dhabi Polymers Company Ltd）、沙地阿拉伯的拉比格煉油和石化公司（Rabigh Refining And Petrochemical Company）、巴林的工程部、汶萊的信息通訊技術領域以及蘇丹的Petrodar經營公司。
Kuala Lumpur: Gas Malaysia Bhd will pay a guaranteed dividend of 100 per cent and 75 per cent in the first two years, respectively, after floating its shares on Bursa Malaysia in December this year.
MMC Corp Bhd group managing director, Datuk Hasni Harun said Gas Malaysia is on track for a listing as part of MMC's strategy of unlocking value and reducing debt.
"The dividends are also to reward shareholders' loyalty over the years," Hasni told Business Times in an interview last Friday in conjunction with MMC's 100-year anniversary.
MMC and Shapadu Group own 55 per cent of Gas Malaysia. Tokyo Gas-Mitsui & Co (Holdings) Sdn Bhd and Petronas Gas Bhd hold another 25 per cent and 20 per cent, respectively. Petroliam Nasional Bhd (Petronas) also has a golden share in Gas Malaysia.
Gas Malaysia submitted its initial public offer (IPO) request to the Securities Commission on August 23 and is waiting for approval.
"Gas Malaysia's strong balance sheet with zero debt will attract good response for the IPO. MMC is optimistic of Gas Malaysia's prospects as it is poised to deliver strong and sustainable performance driven by continued demand from industrial customers," said Hasni.
Gas Malaysia is the sole supplier of natural gas to the non-power sector and supplies energy to over 31,000 residential and 600 commercial customers as well as industrial costumers throughout Peninsular Malaysia.
The company enjoys strong backing from Petronas and has a long-term agreement with the national oil corporation to supply 300 million standard cubic feet per day of gas.
Gas Malaysia's recession-proof gas reticulation business will continue to provide MMC with a steady stream of cashflow. Hasni revealed that Gas Malaysia's volume grew six per cent in the first half of 2011, underlying stable demand for the product.
Hasni was reported to have said that Gas Malaysia could have a market value of about RM5 billion and raise up to RM167 million. MMC's stake would be diluted to 30.93 per cent from 41.80 per cent.
MMC, controlled by tycoon Tan Sri Syed Mokhtar Al-Bukhary, is also planning other IPOs after Gas Malaysia.
These include 51 per cent unit Malakoff Bhd next year and subsequently either wholly-owned Johor Port Bhd, subsidiary Port of Tanjung Pelepas (PTP) or Johor Port and PTP combined.
"We will see what happens. We want the port business to mature first generating RM300 million or RM400 million of profit by 2013 before we go for listing," Hasni added.
PTP and Johor Port made a pre-tax profit of RM52 million and RM155 million, respectively, in 2010.
Hasni said the listing of the ports is necessary as they are hitting maximum capacity. It would, therefore, need to spend some RM1 billion to expand.
MMC, which operates ports and power plants, is the country's largest container port operator, commanding 40 per cent of Malaysia's total container throughput with a maximum capacity of 8.5 million twenty-foot equivalent units (TEUs) last year.
MMC is also the project delivery partner for the country's RM36 billion mass rapit transit project together with Gamuda Bhd, its joint venture partner.
Zarinah's husband, Datuk Azizan Abd Rahman, the chairman of E&O, had bought E&O shares prior to the announcement. Datuk Azizan, meanwhile, said that he was not aware of the transaction between the three vendors and Sime Darby at the time.
M-Mode Berhad (M-Mode) is a Malaysia-based investment holding company. Through its subsidiaries, M-Mode is engaged in the provision of mobile contents and data application services with platform connected to mobile network operators in Malaysia and China. As of December 31, 2009, M-Mode's subsidiaries were M-Mode Mobile Sdn. Bhd., Mobile Multimedia Sdn. Bhd., Dalian M-Mode Dreamfun Technology Ltd., Cede Communications Sdn. Bhd., M-Mode Media Sdn. Bhd., M-Mode Systems Sdn. Bhd. and Beijing M-Mode Digital Technology Co., Ltd. On June 4, 2009 and August 14, 2009, M-Mode acquired the remaining issued and paid-up capital of M-Mode Media Sdn. Bhd. and disposed its 50% equity interest in PT M-Mode Indo, respectively.